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(M18) 157.90-158.38 Support Region Key...>

BUND TECHS
BUND TECHS: (M18) 157.90-158.38 Support Region Key Today
*RES 4: 160.26 Low Dec 13 now resistance
*RES 3: 160.08 Bollinger band top
*RES 2: 159.69 Monthly High Mar 28
*RES 1: 159.55 High Apr 18
*PREVIOUS CLOSE: 158.81
*SUP 1: 158.78 High Apr 27 now support
*SUP 2: 158.38 Low Apr 30
*SUP 3: 157.90 Hourly resistance Apr 26 now support
*SUP 4: 157.43 Low Mar 24
*COMMENTARY: Support emerging below the 55-DMA (157.75) combined with correcting
O/S daily studies has resulted in a correction that sees the contract flirting
with the 21-DMA (158.86) and focus back to 159.55-69. Bulls then need a close
above 159.69 to shift initial focus to 160.98 Dec highs. Bears now look for a
close below 158.38 to ease bullish pressure and below 157.90 to see pressure
back on the 157.34-43 supports from last week.

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